Thu Dec 01 2022
This week the median list price for Saratoga, CA is $4,800,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 29.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$4,800,000|
|Median Price of New Listings||$2,998,000|
|Per Square Foot||$1,323|
|Average Days on Market||51|
|Median Days on Market||21|
|Slight Seller's Advantage|
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$7,988,000||6,304||1 - 2.5 acres||5||5.5||46||0||0||140|
|$5,580,000||3,733||1 - 2.5 acres||4||4.5||33||1||1||7|
|$3,999,999||3,565||0.25 - 0.5 acre||5||4||60||1||2||21|
|$2,748,000||2,316||0.5 - 1 acre||4||2.8||53||4||3||3|